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Shares of PACCAR Has Risen Above Previous 52-Week High

By James Quinn

Shares of PACCAR (NASDAQ:PCAR) traded today at $66.63, breaking its 52-week high. Approximately 131,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

PACCAR (NASDAQ:PCAR) defies analysts with a current price ($66.07) 3.6% above its average consensus price target of $63.67. PACCAR shares have support at the 50-day moving average (MA) of $60.44 and additional support at the 200-day MA of $56.94.

PACCAR Inc designs, develops, manufactures, and distributes light-, medium-, and heavy-duty trucks, and related aftermarket distribution of parts. The Company also offers finance and leasing services to its customers and dealers.

In the past 52 weeks, PACCAR share prices have been bracketed by a low of $47.12 and a high of $66.63 and are now at $66.07, 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of PACCAR on February 7th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.09. Since that recommendation, shares of PACCAR have risen 12.3%. We continue to monitor PCAR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows paccar

Ticker(s): PCAR